These companies that were accused (and sometimes convicted of) engaging in alleged pyramid schemes and other scams.

Apple’s new headset is expensive, not “magical” and is fundamentally different from Meta’s vision for the future, Mark Zuckerberg has said. The Vision One headset was revealed during Apple’s Worldwide Developers Conference this week. The company showed off both the hardware and a new idea for “spatial computing”, which will be available next year. Apple’s headset costs $3,500, and comes with a range of features including detailed displays and cameras that allow people to see out into the real world while they are using it. It also puts Apple in competition with Meta, which has been producing its own Quest headsets for years. Its headsets are considerably cheaper – with the upcoming Meta Quest 3 costing $499 – though are lacking in some of the same features. Now Meta chief executive Mark Zuckerberg has responded to the launch of that headset, saying that it represents a “vision of the future of computing” that is “not the one I want”. He also said that Meta had already explored all of the technology in Apple’s headset. It had opted to avoid using some of that technology in its own products in part because of the high cost that would be required to do so, he told staff in a meeting that was first reported by The Verge. Mr Zuckerberg suggested that was one of a range of philosophical differences between Meta’s approach to the headset and Apple’s. He also pointed to Meta’s aim to feature social features at the heart of its own headsets, as well as fitness features. “From what I’ve seen initially, I’d say the good news is that there’s no kind of magical solutions that they have to any of the constraints on laws of physics that our teams haven’t already explored and thought of,” he said. “They went with a higher resolution display, and between that and all the technology they put in there to power it, it costs seven times more and now requires so much energy that now you need a battery and a wire attached to it to use it. They made that design trade-off and it might make sense for the cases that they’re going for. “But look, I think that their announcement really showcases the difference in the values and the vision that our companies bring to this in a way that I think is really important. We innovate to make sure that our products are as accessible and affordable to everyone as possible, and that is a core part of what we do. And we have sold tens of millions of Quests. “More importantly, our vision for the metaverse and presence is fundamentally social. It’s about people interacting in new ways and feeling closer in new ways. Our device is also about being active and doing things. By contrast, every demo that they showed was a person sitting on a couch by themself. I mean, that could be the vision of the future of computing, but like, it’s not the one that I want. “There’s a real philosophical difference in terms of how we’re approaching this. And seeing what they put out there and how they’re going to compete just made me even more excited and in a lot of ways optimistic that what we’re doing matters and is going to succeed. But it’s going to be a fun journey.” While Meta and Apple work together in many ways, they have occasionally clashed. Apple’s introduction of privacy features has in recent years curtailed the tracking required for Facebook’s ad business, for instance, which has occasionally to friction between the two.

US grid operators are set to face their largest controlled experiment for dealing with big swings in renewable

(Corrects Reuters instrument code for Foxconn in the 8th paragraph) MEXICO CITY (Reuters) -Taiwan-based electronics manufacturer Quanta Computer will invest

Hon Hai Precision Industry Co. expects to at least double revenue in the second half from the sale

After targeting the consumer market, AMD is trying to expand its reach into business laptops

The turmoil gripping real estate issuers has serious implications for Europe’s €1.7 trillion ($1.8 trillion) market for ESG

To annoy you? Possibly. For other good reasons, like keeping you alive? Also yes.

Twitter is getting a new boss after current CEO Elon Musk announced that he has found a replacement – and reports suggest his successor will be advertising executive Linda Yaccarino. “Excited to announce that I’ve hired a new CEO for X/Twitter,” he tweeted on Thursday. “My role will transition to being exec chair and CTO, overseeing product, software and sysops.” Mr Musk has not yet publicly named the new chief executive – potentially because Ms Yaccarino’s current employer NBCUniversal is preparing for its annual Upfront event, in which she is expected to play a key role –but reports from The Washington Post and Puck claim that she is in advanced talks for the position. The Independent has contacted NBCUniversal for comment, and Twitter responded with its customary poop emoji. Last month, Ms Yaccarino interviewed Mr Musk on a panel titled ‘Twitter 2.0: From Conversations to Partnerships’, giving an insight into how she views both the tech billionaire and her vision for the future of Twitter. While largely amicable, the interaction revealed that she had some significant concerns about his takeover of the company. When discussing his tenure so far as the head of Twitter, Mr Musk said it had been “entertaining”, adding “train wrecks arguably are entertaining.” Ms Yaccarino responded: “Train wrecks happen sometimes if you’re dedicated [but] you’ve got to be dedicated to fixing them.” After noting that he had gone from a “consumer of a product you loved, to now the owner”, she added: “It might be a ‘be careful what you ask for’ type of thing.” She also said she did not always like his tweets and suggested Mr Musk should be “held to a different or higher standard” as both the most-followed account on Twitter and its owner. “A lot of people think you might be too provocative,” she said, adding that he should give up his late night tweeting. “Will you commit to being a little more specific and not tweet after 3am?” she asked. “People in this room would like to see that. It would make them feel more confident.” Twitter is seen by Mr Musk as an accelerant to his goal of creating an “everything app”, which he has called X. This will allow users to conduct businesses on the platform, which will be a big draw for advertisers who can target customers with direct in-app purchases. It is a vision that Ms Yaccarino appeared to favour in her meeting with Mr Musk. In one of her relatively rare tweets, she also recently expressed another shared goal for how “Twitter 2.0” will look: the return of the short-form video-sharing feature Periscope. She also encouraged Mr Musk to reinstate Twitter’s Influence Council of marketers and advertising executives that allowed industry figures to give direct feedback on how they wanted the platform to look. She told Mr Musk: “The people in this room are you accelerated path to profitability. But there’s a decent bit of skeptics in the room... There’s people who cannot separate the man, his opinions, and the microphone that he now owns.” Ms Yaccarino will now potentially take charge of that microphone, offering a way for advertisers who left the platform to credibly distance themselves from the controversial billionaire. Read More Twitter backlash after Elon Musk gives blue tick to users without consent Elon Musk says he has hired new CEO of Twitter Elon Musk warns people not to trust Twitter’s new feature Creepy WhatsApp update sparks fears users are being listened to through their phone

LOS ANGELES--(BUSINESS WIRE)--Jun 29, 2023--

LONDON Amazon workers came out on strike at multiple locations across Europe on Friday as protests against the

The government of the U.S. Virgin Islands is asking a federal judge to help it serve billionaire Elon Musk with a subpoena for documents in its lawsuit seeking to hold JPMorgan Chase liable for sex trafficking acts committed by businessman Jeffrey Epstein